At least German automakers are investing heavily in EV and battery plants. Japanese counterparts don't seem to be doing anything substantial in China. They are paralyzed.
1) Sell obsolete cars 2) Do not invest in EVs 3) Wait for market share to tank, looking like a bunch of clowns 4) ??? 5) PROFIT -->Toyota logic. -- get a Chargehanger
@@freedumb_3.0 It's a factor, and the Japanese government makes it increasingly so. That's why its companies are paralyzed by the EV disruption and don't know if they should bet big on EV and China, or not.
I have owned about 20 cars in my lifetime, but now that I live in China and work from home I don't have a car. A parking spot in the garage in a good area costs $15k to 20k + the car itself. Makes no sense for me to own a car. I take DiDi (Chinese Uber). They navigate through the insane traffic and you don't have to worry about parking. The cost of my trips is usually $3 - $4, so, you can't beat that. The interesting thing is that you get to ride in countless different cars. Almost all the new cars are EVs. It is not an ideological decision. The driver buys a car that makes him the most money. There are 7 car classes that you can choose from. Starting from a yellow banged-up compact Suzuki to a brand new Mercedes or BMW or Buick GL-8.The 6-seat Buick GL-8 costs 3.5 times more than the cheapest alternative. I have sat on the back seat of almost every Chinese EV. I am 5"11', 250lbs and I have good leg and headroom even in the cheapest car. I take DiDi 3-4 times a week but have never seen a Toyota or Honda. The Yellow taxis are compact liquefied gas-powered Suzukis at this point which means that the gas bottle eats up half the trunk. In my opinion, this proves the power of EVs. The drivers are probably not that environmentally conscious or otherwise ideological, they just want to maximize their income. Oh, and another thing... During rush hour ICE cars can cross the bridges across the rivers (Yangzhe and Jiling in Chongqing) only every second day depending on the last number of your license plate last number. Lastly a question to people smarter than me: Are there tires specifically for EVs, because the only noise that you hear is the tire noise on rougher roads?
The special tires for EV are optikized mainly to reducing rolling resistance and handle the heavier EV weights. Like other said, Uber drivers are probably not buying these more expensive EV specific tires.
I use DD here in AUS. Same drivers that also drive for Uber. But 20% cheaper. I think DD is the biggest app based Taxi service in the world. Strangely, in Thailand and other SE asian country's, Grab is big and Bolt is growing.
I didn’t know that the BZ4X was just something else rebadged. I just thought Toyota had built a rubbish car rather than bought a rubbish car off someone else…
@@terryzn-fb A very terrifying thing happened in China, which is that no one pays attention to Japanese cars anymore. I saw online evaluation videos and found that the playback volume was extremely low. Mitsubishi has stopped production in China, and the next turn is for Mazda or Nissan. They have made no progress in recent years, and their products are not attractive at all
Really? Which company built small, cheap cars at a time when v8's ruled including in Australia? The consumers in China are buying evs because of government regulation including where you can operate them and when not to mention high registration costs.
@@SyntheticSpy No, it's the regulations. Build quality is the same as ICE car offerings. You can't buy ICE cars if the province prohibits it's sale, penalizes you for registering the car, restricts its use to 2-3 days a week.
You just cannot beat an Austin Allegro Van den Plas , with a square steering wheel and metallic brown paint and a matching brown interior. Just don’t understand why they didn’t sell by the bucket load. Austin Rover took all that trouble to build a brilliant car and those pesky customers turn their noses up at it.
The BZ4X is a loudly electric car. It charges exceptionally slowly and the range is far less than advertised. One American journalist got 120 miles on a full charge.
In actuality you don’t go from 100% charge to zero charge on an EV. I keep my Tesla generally between 20 to 80% at a very nearby Tesla Supercharger station where I have free charging for life of ownership on my ‘20 MS. I’ll exceed that charge range during long distance driving depending on circumstances.
@@Chainyanker007 You are free to charge to 100% and deplete to 0% and recharge to 100& and repeat this cycle as many times as you like with an LFP battery they will not degrade - only the NCA batteries have this issue.
CLTC range is 340 miles but it will only do 150 on highways in winter. This plus the fact that the car had its first recall just after launch because the wheels would come off. I'm shocked that 5000 idiots spent their own money on it.
Foreign carmakers in China had been sitting on their laurels and enjoyed some pretty profit margin for a long time. Now, a number of factors in China have caused a sea change in their appetite for foreign brands. Those foreign legacy brands found themselves too slow to adapt. I'm not blaming them for staying in their comfort zone. But its only natural to see rise and fall of enterprises. Mankind is not threatened by these changes. I can sleep well.
Well, I've veen working for Toyota and Lexus for some 3 years promoting hybrids & FCEVs and I left somewhere in 2018 after discovering they are totally ignoring the BEV revolution. At farewell I said they're doomed and it seems I was right :)
Toyota’s fixation on hydrogen powered fuel cells might have looked good on paper but common sense tells me it is dumb to pursue that path. So much easier to go all electric in production and distribution via the grid or thru solar panels on your roof or thru green renewable sources like massive wind and solar farms.
3:30 " ... and I said to this chat GPT I said ..." FYI: currently, ChatGPT's predictive capabilities is based on word/phrase data FREQUENCY, NOT FACTUAL ACCURACY. Using it right now as an Encyclopedia of knowledge is a mistake. This will improve in the future.
In the ICE age I used to be a Toyota fan, now I wouldn’t touch one with a 10’ pole, ditto any GM or Ford. I drive a Tesla, best car I’ve ever driven in 60+ years of driving, even more fun than my hot rod of my teen years.
Volvo's approach is clever they have a "methadone" range of vehicles their PHEVs are a gateway to getting people who can't kick the ICE habit into electric cars.
That horse to car transition actually took a century, not half 2 decades. I still met farmers in Romania and Bulgaria in 2000/2001 running horse and carriage on highways. That transition is still not complete. In the 1950ies cars were already 50 years in the market in industrialized countries. The EU funding bankrolling tractors for Romanian & Bulgarian farmers caused a meat scandal where horse meat ended up in Goulash and Lasagne ready-made meals from trading in the horses. Really dangerous overtaking in the traffic by cars. ICEs going away in the next 5 years is the most rapid economic change ever in human history.
China has an oversupply of cars. People don’t need to drive that much. Just go around a residential area in any major city and see all the unused parked cars during the day.
some people use them just not as daily driver. there is a lot of cost with cat ownership and cars don't appreciate, so people don't buy cars for reasons other than using them.
Japanesse brands are stuck with 90's and early 2000s mentality. If they catch up in 2026/27 with EV solutions they will need another decade to normalize and stabilize cheaper EV's.
What I think the Japanese car companies have going for them is a supportive government, which will continue to bail them out, regardless of ongoing failures… There is a degree of this in America with failed auto companies being bailed out again and again.
EVs are not green. Better than fossil, yes, but not green. All these car makers you say are about to fall over, what do they have in common? 'Partnerships' in China. Companies all round the world have been sold the promise of 1.4bn market, only to find that it was only intended for domestic companies to prosper.
The Japanese brands have their reasons for being biased towards ICE vehicles: they practically own their home market selling hybrid vehicles. They need to decide to dominate the ICE vehicle market which is basically any area with poor access to electric charging, They should reduce their ICE vehicle prices to the point they completely squeeze out the German and US brands. For example they need to price their top of the line Prius at 70% the price of a Golf GTI OR, they upgrade their Prius value to have the performance of a BMW M3.
Unfortunately it is easier to produce electricity in remote places than it is to transport fuels. Fortunately for everyone but the Japanese this is good for the future.🤔
I don’t know if it is Toyota or Volkswagen, but one of them is the most indebted company in the world, and the other one is not far behind. I don’t think they have any options regarding price cuts?
I wonder how much of their profit comes from parts sales and how much from new vehicles. New ICE vehicle sales are likely to collapse this decade, but most of the Toyotas's sold last year will still be on the road in ten years time.
Combined EV with solar panel, people in developing countries can reduce the expense of fossil fuel. To further reduce cost, they can share the cost of the initial investment in solar panels.
Why can't they turn current situation into their strength? China has an established battery maker CATL, Toyota has good working relationships with BYD, so they don't face any serious supply chain issue, but compare to Chinese car makers, it has far superior distribution channels in Europe and North America, so why not partner with BYD, design a decent BEV, build it in China and sell it to Europe and the US? Especially the latter, which is off limit for BYD etc. That shouldn't take more than 2 years and it doesn't matter if the car is not super competitive in China, because they aren't selling it there!
Sam can you investigate the costs of running an electric car compared to an ICE car in China? What is the price of petrol compared to charging costs at home and public charging. What about taxing the car (in the UK you must pay car licence per year)? What about car insurance costs - again comparing electric to ICE? In other words what is driving the switch from petrol to electricity?
license fee is the same, insurance premium a bit higher for ev. electricity cost around 0.60rmb per kwh. gas cost 7rmb per liter. what drives chinese people to flock to ev is mainly ev is a better product, superior to ice in almost every aspect(not if u love the thundering sound or petrol smell) .
License fee: depending on cities. In large cities, an ICEV plate is hard to get, while an BEV plate is almost free. (PHEV varies in different cities). In smaller cities there is no difference. Charging costs (CNY): around 0.3/kWh at home (valley time), 1~1.5/kWh at public charging Fuel costs (CNY): 7~8/L Tax: no yearly tax Insurance costs: sightly higher for EVs but not much difference
Charging at home @ RMB 0.3- 0.6 per kwh Public charging station@ RMB 1.0-2.2 per kwh. If you have a home charging, it's like free of charge. One USD=7 RMB!
In China ev has no license fees. In mega cities like Shanghai, a car license is over RMB 80000, or USD11428! And ev has no car sales tax, that's 12% of car price! And there's no limits for ev in mega cities.
@@soowo5942 only a few cities have license plate restriction like shanghai. also, the license plate fee you refered to is NOT a cost as it goes with owner and can be transferred from one car to another or return to the government for the full refund. by license fee, i meant the annual payment u have to pay the goverent to get the car on road, and that is the same for ev and ice. sales tax subsidy has fully phased out this year. the ev industry isn't getting much subsidy as people believe.
Hydrogen future is so far away and $$$$$ required to fix the challenges: liquified hydrogen requires super cold temperature storage; gas hydrogen volume is too big. Toyota will be bankrupt by then as it doesn’t have enough money to service the debt and with dwindling sales
@@mikafiltenborg7572 You bet the people that are pushing H. are mistaken. even semi stopping and changing will be so much cheaper than filling up with Hydrogen at triple the price fuel and labor are the main costs in trucking the truck is no real cost after you run it a million miles needing little to no maintenance compared to current trucks.
I saw an interesting promotional video about Toyota in Yamaha developing a hydrogen fuel V8 combustion engine and then 10 minutes later clicked onto a video which neatly explains why it is complete fantasy and will never work!
Another channel reported 6 month postponement of Chinese equivalent of Euro emissions rules sooo ICE inventory has more time to work off. Who knows, maybe there will be addl postponements to keep the many Chinese manufacturers and dealers in business.
They may somehow make crude oil go down in way that people publicly think petrol, gasoline, diesel is pretty cheap for Ice car. So that it buy time for Ice car manufacturer to catch ev in term of tech. and price, at least relatively competitive with China EVs. Yes, it's very unrealistic thought, but it is one of the ways to counter measure which allowed them to could catch a final breath before they could eye last glance on automobile industries globally. It's do or die now.
It’s really sad to see Toyota going down this way. They started the green car revolution with the hybrid Prius, and you would expect them to be the leader in EV development, but no they didn’t do anything in the last 20 years, and now they are desperate because the world couldn’t wait and have passed them over. It would be a miracle if they can catch up now.
Written on duct tape on back of Tesla hater bus clearly say th value of ur vehicle is it’s weight at da scrapyard callin all fat fender Fords to th scale
Toyota Prius was one of their best selling, and their last Prius is kindda great compared to previous models Just that If one take any video Model 3 vs New Prius most coments are from previous Toyota buyers Hybrid or Prius switching to Model 3 and absolutly loving it
Hey dude u do realize that if Toyota or the Japanese car co fail Japan's economy fails which means our pensions crash & were into recession & depression. I recommend you sell all your shares & stocks
Is there any positive news from Japan? GDP decrease, population decrease, assassinations, car sells decrease, moon landing failure, desperate military spending, and economic pressure from the US and China. The only thing left is to have my fav anime getting canceled. lol.
Now China set the pace ! The others have no choice but to follow China's path if they want to do biz in China ! For Toyota lets see who will win China EVs or Toyota fuel Cars !
China was encouraging the development of ev for years. It should have been no surprise that China would end the use of gas engines. The West should be happy that one source of air pollution is being eliminated.
And Chinese auto export market is surging, and if not Chinese manufactured cars for Chinese foreign manufactured cars with Chinese parts. Most of the world, in particular 3rd world are buying lots of Chinese cars. Not in the US, so Japanese will have a the lion's share of the American market, especially since American companies have basically given up on cars
Toyota is in debt up to their eyeballs...almost $200 Billion. No competitive EVs offered... bankruptcy imminent as their worldwide sales collapse now before our eyes.
Subsidies and tarrifs are keeping the Chinese out of the US EV market so far. Polestar prices are way high. Tesla still has the whole market wide open. We need any AFFORDABLE EVs, please.
I'm sure geopolitics has a lot to do with the Japanese car sales decline than EV. Why would you buy from a neighbor who's actively trying to contain you with some dude from out of town?
Buick (GM) has EVs coming right in time. SAIC and Wurling should be able to pull the brand into positive sales territory. I don't get why GM does not export these upcoming Electra EVs to Europe. They could share dealer space with SAIC's MG
Do you have any views on why General Motors is retiring the popular and well received Chevy bolt. (Let’s forget about the battery, fire issue that I’m sure has been since fixed.)
These ICE legacy auto makers sucked us in long enough because we didn't have a choice then but now we do. EVs are the future whether they like it or not. EV owners are no longer pay thousands for the dirty petrol every year any more. If you snooze, you loose.
Toyota was once the most affordable small car manufacturer. Now, they have become like US car manufacturers. Greedy, lazy, and complacent. Toyota is stuck in petrol cars. They raised the price to where they are unaffordable.
Toyotas debt is why they are not getting into EVs. They can’t afford the investment. Maybe they are planning to fast follow once the OEM prices come down for batteries / EV components. I imagine they will need a bailout to bridge the gap. Toyoda should lose his stake over this, but dunno if he will.
Malarky. The reason Toyota isn’t “following” what everyone else is doing is because they never have. That’s why they make superior vehicles. Same will be true with their future offerings. Always good info tho.
China doesn't have vast amount of oil reserves like US or Australia so it is not to the nation's interest to promote the use of gasoline that drives China to be heavily dependent on oil import of quantity even bigger than what it is today. China doesn't have a choice! If the Japanese car manufacturers do not offer EV they have to export their gasoline cars made in China to the US and Australia markets. In that way the Japanese car manufacturers have plenty time to continue to make profit in China.
@@kimchiba4570 That is why China currently the biggest renewable generator and the world leader in each of solar, wind and hydro power. Also Chinese tariff is the cheapest in the industrialised economies. In 2021 published data US is 1.3 times more expensive, UK is nearly 3 times and Germany about 4 times more expensive than China. China is the world's biggest electricity generator and produces twice more than the US. However China has 4 times more population therefore every Chinese consumes less than half the amount of electricity of an average American.
a EV last 3X longer than a gas-car. And a EV are more safe. Free miles - if you have solarpanels.! 😊 Tesla model Y will be the most sold carmodel on planet 🌎 Earth in year 2023, and year 2024 + 2025. Mark my words ‼️
Once China becomes involved, it's nearly impossible to compete. Take, for example, the phone industry, where numerous manufacturers have surrendered and abandoned the market to Chinese players Very soon happen on car industry ....🙂
lol, you think a few rich countries buying electric only will solve the worlds carbon emission problem, you are mistaken. Additionally there is a dark side to the battery industry that few people are talking about. Toyota's sell low emission vehicles to the whole world that people can afford and that don't require expensive charging ports.
Chat GPT simply regurgitates (not word for word) what has been already been written, it has not performed a magical analysis to come to this prediction. If enough people have written in online blogs that EV's have no future then that is what it will say.
Maybe Toyota and other companies didn’t realize how quick we now get information on social media now! They’re relying on joe public to be I’ll informed as in the past 🤪😜🤪
6 months in and love my BYD Atto3. Very nice car.
byd dmi system ，is the best！我开的宋（song pro dmi）very good！
At least German automakers are investing heavily in EV and battery plants. Japanese counterparts don't seem to be doing anything substantial in China. They are paralyzed.
Toyota failed miserably with its bz4x. Nobody buys it.
1) Sell obsolete cars
2) Do not invest in EVs
3) Wait for market share to tank, looking like a bunch of clowns
4) ???
5) PROFIT
-->Toyota logic.
-- get a Chargehanger
And they decided to give free ice cream to their employees instead of their customers. Top notch PR.👍
Chinese aren't buying Japanese cars mostly because of geopolitics.
@@freedumb_3.0 It's a factor, and the Japanese government makes it increasingly so. That's why its companies are paralyzed by the EV disruption and don't know if they should bet big on EV and China, or not.
I have owned about 20 cars in my lifetime, but now that I live in China and work from home I don't have a car. A parking spot in the garage in a good area costs $15k to 20k + the car itself. Makes no sense for me to own a car. I take DiDi (Chinese Uber). They navigate through the insane traffic and you don't have to worry about parking. The cost of my trips is usually $3 - $4, so, you can't beat that.
The interesting thing is that you get to ride in countless different cars. Almost all the new cars are EVs. It is not an ideological decision. The driver buys a car that makes him the most money.
There are 7 car classes that you can choose from. Starting from a yellow banged-up compact Suzuki to a brand new Mercedes or BMW or Buick GL-8.The 6-seat Buick GL-8 costs 3.5 times more than the cheapest alternative.
I have sat on the back seat of almost every Chinese EV. I am 5"11', 250lbs and I have good leg and headroom even in the cheapest car. I take DiDi 3-4 times a week but have never seen a Toyota or Honda. The Yellow taxis are compact liquefied gas-powered Suzukis at this point which means that the gas bottle eats up half the trunk.
In my opinion, this proves the power of EVs. The drivers are probably not that environmentally conscious or otherwise ideological, they just want to maximize their income.
Oh, and another thing... During rush hour ICE cars can cross the bridges across the rivers (Yangzhe and Jiling in Chongqing) only every second day depending on the last number of your license plate last number.
Lastly a question to people smarter than me: Are there tires specifically for EVs, because the only noise that you hear is the tire noise on rougher roads?
No, there are no tires specifically for EVs. Noise is not really much of a concern with tire engineering.
Yeah. There are special tires for EV which makes less noise but cost more. Didi drivers would not buy that special tires.
The special tires for EV are optikized mainly to reducing rolling resistance and handle the heavier EV weights. Like other said, Uber drivers are probably not buying these more expensive EV specific tires.
I use DD here in AUS. Same drivers that also drive for Uber. But 20% cheaper. I think DD is the biggest app based Taxi service in the world. Strangely, in Thailand and other SE asian country's, Grab is big and Bolt is growing.
Transport as a service in 18 months
UK price of Toyota BZ4X is £46,110.00 (vs roughly 23,000 in China). I can't see many sales here.
Bz4x is a disaster.
I didn’t know that the BZ4X was just something else rebadged. I just thought Toyota had built a rubbish car rather than bought a rubbish car off someone else…
Wrong, it's 16000 pounds and still can't be sold. Bz4x is a complete failure
bz4x is always a joke when we don't have any to think of.
@@terryzn-fb A very terrifying thing happened in China, which is that no one pays attention to Japanese cars anymore. I saw online evaluation videos and found that the playback volume was extremely low. Mitsubishi has stopped production in China, and the next turn is for Mazda or Nissan. They have made no progress in recent years, and their products are not attractive at all
Great companies like Toyota & Mercedes are often the slower to adapt because pride got in the way of reality.
also the interests of parties behind the petroleum industry
Really? Which company built small, cheap cars at a time when v8's ruled including in Australia? The consumers in China are buying evs because of government regulation including where you can operate them and when not to mention high registration costs.
@@linusa2996 and because they’re better. You forgot that bit
If ya don’t like change ur gonna hate extinction & Mr Sam HA
@@SyntheticSpy No, it's the regulations. Build quality is the same as ICE car offerings.
You can't buy ICE cars if the province prohibits it's sale, penalizes you for registering the car, restricts its use to 2-3 days a week.
Things are changing so quickly. Japans car industry will mirror the decline of UK car industry
You just cannot beat an Austin Allegro Van den Plas , with a square steering wheel and metallic brown paint and a matching brown interior. Just don’t understand why they didn’t sell by the bucket load. Austin Rover took all that trouble to build a brilliant car and those pesky customers turn their noses up at it.
A grill to behold.. How cd anyone turn down that face.
The BZ4X is a loudly electric car. It charges exceptionally slowly and the range is far less than advertised. One American journalist got 120 miles on a full charge.
In actuality you don’t go from 100% charge to zero charge on an EV. I keep my Tesla generally between 20 to 80% at a very nearby Tesla Supercharger station where I have free charging for life of ownership on my ‘20 MS. I’ll exceed that charge range during long distance driving depending on circumstances.
😅😅😅
@@Chainyanker007 You are free to charge to 100% and deplete to 0% and recharge to 100& and repeat this cycle as many times as you like with an LFP battery they will not degrade - only the NCA batteries have this issue.
CLTC range is 340 miles but it will only do 150 on highways in winter. This plus the fact that the car had its first recall just after launch because the wheels would come off. I'm shocked that 5000 idiots spent their own money on it.
Foreign carmakers in China had been sitting on their laurels and enjoyed some pretty profit margin for a long time. Now, a number of factors in China have caused a sea change in their appetite for foreign brands. Those foreign legacy brands found themselves too slow to adapt. I'm not blaming them for staying in their comfort zone. But its only natural to see rise and fall of enterprises. Mankind is not threatened by these changes. I can sleep well.
Enterprises employ robots?
Well, I've veen working for Toyota and Lexus for some 3 years promoting hybrids & FCEVs and I left somewhere in 2018 after discovering they are totally ignoring the BEV revolution. At farewell I said they're doomed and it seems I was right :)
Electric vehicles don’t have tailpipe
Toyota still REFUSES to make enough hybrids, too. Cray. With a capital Zee!
Quels sont les fabricants qui travaillent sur les batteries à l'état solide ? Non la LQ n'existe pas.... Hihi
Toyota says EV are not the future cause they are behind in EV 😂
R. I. P. ⚰️🌹Toyota..
I said Toyota has no future.
Toyota’s fixation on hydrogen powered fuel cells might have looked good on paper but common sense tells me it is dumb to pursue that path. So much easier to go all electric in production and distribution via the grid or thru solar panels on your roof or thru green renewable sources like massive wind and solar farms.
3:30 " ... and I said to this chat GPT I said ..." FYI: currently, ChatGPT's predictive capabilities is based on word/phrase data FREQUENCY, NOT FACTUAL ACCURACY. Using it right now as an Encyclopedia of knowledge is a mistake. This will improve in the future.
In the ICE age I used to be a Toyota fan, now I wouldn’t touch one with a 10’ pole, ditto any GM or Ford. I drive a Tesla, best car I’ve ever driven in 60+ years of driving, even more fun than my hot rod of my teen years.
Volvo's approach is clever they have a "methadone" range of vehicles their PHEVs are a gateway to getting people who can't kick the ICE habit into electric cars.
That horse to car transition actually took a century, not half 2 decades. I still met farmers in Romania and Bulgaria in 2000/2001 running horse and carriage on highways. That transition is still not complete. In the 1950ies cars were already 50 years in the market in industrialized countries. The EU funding bankrolling tractors for Romanian & Bulgarian farmers caused a meat scandal where horse meat ended up in Goulash and Lasagne ready-made meals from trading in the horses. Really dangerous overtaking in the traffic by cars. ICEs going away in the next 5 years is the most rapid economic change ever in human history.
日本车在中国打折出售，但是2023 Q1仍然同比2022 q1下降30%
How about German brands in China nowadays? Probably Japanese car will disappear by Chinese EV(BYD Nio Xpeng LiAuto and so on)&Tesla soon.
@@tesla3388 German cars (Q1 YOY -8.9%, accounting for 19.1)
@@xcl9517 Thank you very much 🙏🏻😄❤️
no your wrong there Sam ,it comes in 3 versions, version 3 is with optional non fall off wheels :) :) :)
Ur wrong again Mr Sam when u try to convince us hydrogen is da future Aha
And then China stops building ICE gearboxes, engines, cooling systems, etc.. Lol.
R. I. P. ⚰️🌹Toyota...
China has an oversupply of cars. People don’t need to drive that much.
Just go around a residential area in any major city and see all the unused parked cars during the day.
Doesn’t matter. Chinese love status symbols.
It suppose to be empty when people go to work.
some people use them just not as daily driver. there is a lot of cost with cat ownership and cars don't appreciate, so people don't buy cars for reasons other than using them.
Just like London then or anywhere in the UK. Where home working is in fashion after Covid.
I would say to toyota last one out of the building please turn off the lights
Japanesse brands are stuck with 90's and early 2000s mentality. If they catch up in 2026/27 with EV solutions they will need another decade to normalize and stabilize cheaper EV's.
What I think the Japanese car companies have going for them is a supportive government, which will continue to bail them out, regardless of ongoing failures… There is a degree of this in America with failed auto companies being bailed out again and again.
EVs are not green. Better than fossil, yes, but not green.
All these car makers you say are about to fall over, what do they have in common? 'Partnerships' in China.
Companies all round the world have been sold the promise of 1.4bn market, only to find that it was only intended for domestic companies to prosper.
The Japanese brands have their reasons for being biased towards ICE vehicles: they practically own their home market selling hybrid vehicles. They need to decide to dominate the ICE vehicle market which is basically any area with poor access to electric charging, They should reduce their ICE vehicle prices to the point they completely squeeze out the German and US brands. For example they need to price their top of the line Prius at 70% the price of a Golf GTI OR, they upgrade their Prius value to have the performance of a BMW M3.
Unfortunately it is easier to produce electricity in remote places than it is to transport fuels. Fortunately for everyone but the Japanese this is good for the future.🤔
I don’t know if it is Toyota or Volkswagen, but one of them is the most indebted company in the world, and the other one is not far behind. I don’t think they have any options regarding price cuts?
I wonder how much of their profit comes from parts sales and how much from new vehicles. New ICE vehicle sales are likely to collapse this decade, but most of the Toyotas's sold last year will still be on the road in ten years time.
That "recall" about the wheels falling off must have had something to do with it.
Combined EV with solar panel, people in developing countries can reduce the expense of fossil fuel. To further reduce cost, they can share the cost of the initial investment in solar panels.
Viking, you would know. Are there any EV start up companies in Japan?
No. Everything in Japan is controlled by old money in this country. Start Ups only exist in US and China.
@@newev Japan 🇯🇵 going to go bankrupt 😂😂
No
man you almost Bringing Tears to my Eyes i can,t Believe the world is CHANGING so fast !!!!i had a Mitsubishi car, Good Cars!!
Why can't they turn current situation into their strength? China has an established battery maker CATL, Toyota has good working relationships with BYD, so they don't face any serious supply chain issue, but compare to Chinese car makers, it has far superior distribution channels in Europe and North America, so why not partner with BYD, design a decent BEV, build it in China and sell it to Europe and the US? Especially the latter, which is off limit for BYD etc. That shouldn't take more than 2 years and it doesn't matter if the car is not super competitive in China, because they aren't selling it there!
Frank, mate...it is too late for that....
Only question is value of Toyota brand..when offer from BYD come to Toyota HQ...
Why BYD needs TOYOTA name? there is no point that BYD teams up with TOYOTA by now， for TOYOTA has nothing to offer.
太慢了，日本现在不仅在电车制造落后，在软件方面也远远落后中国，日本现在甚至还在用传真机，也没有一家像样的软件公司
Sam can you investigate the costs of running an electric car compared to an ICE car in China? What is the price of petrol compared to charging costs at home and public charging. What about taxing the car (in the UK you must pay car licence per year)? What about car insurance costs - again comparing electric to ICE?
In other words what is driving the switch from petrol to electricity?
license fee is the same, insurance premium a bit higher for ev. electricity cost around 0.60rmb per kwh. gas cost 7rmb per liter. what drives chinese people to flock to ev is mainly ev is a better product, superior to ice in almost every aspect(not if u love the thundering sound or petrol smell) .
License fee: depending on cities. In large cities, an ICEV plate is hard to get, while an BEV plate is almost free. (PHEV varies in different cities). In smaller cities there is no difference.
Charging costs (CNY): around 0.3/kWh at home (valley time), 1~1.5/kWh at public charging
Fuel costs (CNY): 7~8/L
Tax: no yearly tax
Insurance costs: sightly higher for EVs but not much difference
Charging at home @ RMB 0.3- 0.6 per kwh
Public charging station@ RMB 1.0-2.2 per kwh. If you have a home charging, it's like free of charge. One USD=7 RMB!
In China ev has no license fees. In mega cities like Shanghai, a car license is over RMB 80000, or USD11428! And ev has no car sales tax, that's 12% of car price! And there's no limits for ev in mega cities.
@@soowo5942 only a few cities have license plate restriction like shanghai. also, the license plate fee you refered to is NOT a cost as it goes with owner and can be transferred from one car to another or return to the government for the full refund. by license fee, i meant the annual payment u have to pay the goverent to get the car on road, and that is the same for ev and ice. sales tax subsidy has fully phased out this year. the ev industry isn't getting much subsidy as people believe.
Ive only owned Toyotas. So i feel very bad. If they made a EV Tacoma i would probably by it. I want to get a Rivian but they are too expensive.
I just looked at Genesis G70 the electric version nearly 20k more than the petrol one
Shocking numbers!
Chiese cars will go out and compete with western&japanese brands in other developing world soon, riding on the tide of belt and road initiative
Toyota is now between a rock and a hard place. Invest big for an uncertain EV prospect or hope for a hydrogen future?
Hydrogen is a liquid below -253 BOILING POINT & a solid below-259 melting point GOOD LUCK WITDAT
Hydrogen future is so far away and $$$$$ required to fix the challenges: liquified hydrogen requires super cold temperature storage; gas hydrogen volume is too big. Toyota will be bankrupt by then as it doesn’t have enough money to service the debt and with dwindling sales
Go hydrogen if you want to waste 66% energy 😂😂😂. Bye bye Toyota!
@@mikafiltenborg7572 You bet the people that are pushing H. are mistaken. even semi stopping and changing will be so much cheaper than filling up with Hydrogen at triple the price fuel and labor are the main costs in trucking the truck is no real cost after you run it a million miles needing little to no maintenance compared to current trucks.
I saw an interesting promotional video about Toyota in Yamaha developing a hydrogen fuel V8 combustion engine and then 10 minutes later clicked onto a video which neatly explains why it is complete fantasy and will never work!
Good video
Another channel reported 6 month postponement of Chinese equivalent of Euro emissions rules sooo ICE inventory has more time to work off.
Who knows, maybe there will be addl postponements to keep the many Chinese manufacturers and dealers in business.
6months to work what? Lol supply chains? Give me a break lol
They wanted to pardon them the last 6months so they can salvage whatever they can to save faces lol
Small toyota 5 years old costs $2000 for repair breaks
After the latest press stories on the BZ4X. Would you really buy one?😅
Amazing ❤❤❤
They may somehow make crude oil go down in way that people publicly think petrol, gasoline, diesel is pretty cheap for Ice car. So that it buy time for Ice car manufacturer to catch ev in term of tech. and price, at least relatively competitive with China EVs. Yes, it's very unrealistic thought, but it is one of the ways to counter measure which allowed them to could catch a final breath before they could eye last glance on automobile industries globally. It's do or die now.
Preach brother
if u dont know now the major car shipper is not Korea or Japan its china in march april data china shipped more car to other countries .
It’s really sad to see Toyota going down this way. They started the green car revolution with the hybrid Prius, and you would expect them to be the leader in EV development, but no they didn’t do anything in the last 20 years, and now they are desperate because the world couldn’t wait and have passed them over. It would be a miracle if they can catch up now.
I believe the extension is only for select cars and ends December 31st so only 6 more months are added for non-complying ice models.
Written on duct tape on back of Tesla hater bus clearly say th value of ur vehicle is it’s weight at da scrapyard callin all fat fender Fords to th scale
Toyota Prius was one of their best selling, and their last Prius is kindda great compared to previous models
Just that
If one take any video Model 3 vs New Prius most coments are from previous Toyota buyers Hybrid or Prius switching to Model 3 and absolutly loving it
Hey dude u do realize that if Toyota or the Japanese car co fail Japan's economy fails which means our pensions crash & were into recession & depression. I recommend you sell all your shares & stocks
Is there any positive news from Japan? GDP decrease, population decrease, assassinations, car sells decrease, moon landing failure, desperate military spending, and economic pressure from the US and China. The only thing left is to have my fav anime getting canceled. lol.
One piece is more popular than ever!! That's positive imo haha
Very nice ❤ 🎉
Now China set the pace ! The others have no choice but to follow China's path if they want to do biz in China ! For Toyota lets see who will win China EVs or Toyota fuel Cars !
It really is sad to see Toyota so mis managed now 😢
China was encouraging the development of ev for years. It should have been no surprise that China would end the use of gas engines. The West should be happy that one source of air pollution is being eliminated.
Evening mate
Superb
Even if Toyota developed EVs they won’t survive the current price war in Chinese market. Not investing is sort of damage control.
Japanese companies are very amazing in quality and production.
Denza is made by BYD, but it sounds like japeneseee already a top 10 brand !
Nice
Thanks
And Chinese auto export market is surging, and if not Chinese manufactured cars for Chinese foreign manufactured cars with Chinese parts. Most of the world, in particular 3rd world are buying lots of Chinese cars. Not in the US, so Japanese will have a the lion's share of the American market, especially since American companies have basically given up on cars
Toyota earnings telling a different story! But Sam knows everything so.
Toyota is in debt up to their eyeballs...almost $200 Billion. No competitive EVs offered... bankruptcy imminent as their worldwide sales collapse now before our eyes.
Sam, did you not learn Australian English at school? Z is "zed" and not "zee". 🙂
1.Sell obsolete cars
2.Do not invest in EVs
3.Wait for market share to tank
4. ???
5.PROFIT
...Toyota logic...
-- get a Chargehanger
Subsidies and tarrifs are keeping the Chinese out of the US EV market so far. Polestar prices are way high. Tesla still has the whole market wide open. We need any AFFORDABLE EVs, please.
i think in less than 2 years, china is moving much faster now
japanese cars are boring and outdated, and worse, more expensive!
R. I. P. ⚰️🌹 Toyota.
But they are discounting now. I think the price is not that bad.
@@shaguge it is still too high in that market. for 25k usd there are loads of better options.
no surprises there !
3 years is too long, it could be much earlier than that. China don't need foreign car no more.
❤ my Tesla mod3 😊
I'm sure geopolitics has a lot to do with the Japanese car sales decline than EV. Why would you buy from a neighbor who's actively trying to contain you with some dude from out of town?
Buick (GM) has EVs coming right in time. SAIC and Wurling should be able to pull the brand into positive sales territory.
I don't get why GM does not export these upcoming Electra EVs to Europe. They could share dealer space with SAIC's MG
Do you have any views on why General Motors is retiring the popular and well received Chevy bolt. (Let’s forget about the battery, fire issue that I’m sure has been since fixed.)
These ICE legacy auto makers sucked us in long enough because we didn't have a choice then but now we do. EVs are the future whether they like it or not. EV owners are no longer pay thousands for the dirty petrol every year any more. If you snooze, you loose.
Is TOYOTA the next NOKIA?
must be
😂😂😂😂😂it could be
In car world, TESLA is I-phone and BYD is Huawei 😟 soon BYD will be face same problem with Huawei, suppressed by US and the west.Wait and see.
Japanese car companies cannot lobby in China. But they can in Europe and the USA.
Good
Good ❤
Toyota was once the most affordable small car manufacturer. Now, they have become like US car manufacturers. Greedy, lazy, and complacent. Toyota is stuck in petrol cars. They raised the price to where they are unaffordable.
Toyotas debt is why they are not getting into EVs. They can’t afford the investment. Maybe they are planning to fast follow once the OEM prices come down for batteries / EV components. I imagine they will need a bailout to bridge the gap. Toyoda should lose his stake over this, but dunno if he will.
Nice car
“Buzz Forks” 😂
Deja vu. Japanese automakers, or Toyota anyway, apparently learned nothing from Detroit's stubbornness and arrogance in the 1970s.
Japanese know they will lose money catching ev tech, so they decide to get what they can and leave the game, Its wise business decision.
Malarky. The reason Toyota isn’t “following” what everyone else is doing is because they never have. That’s why they make superior vehicles. Same will be true with their future offerings. Always good info tho.
China doesn't have vast amount of oil reserves like US or Australia so it is not to the nation's interest to promote the use of gasoline that drives China to be heavily dependent on oil import of quantity even bigger than what it is today. China doesn't have a choice! If the Japanese car manufacturers do not offer EV they have to export their gasoline cars made in China to the US and Australia markets. In that way the Japanese car manufacturers have plenty time to continue to make profit in China.
But doesn't EV also require electricity which is generated by fossil fuel. For now
@@kimchiba4570 That is why China currently the biggest renewable generator and the world leader in each of solar, wind and hydro power. Also Chinese tariff is the cheapest in the industrialised economies. In 2021 published data US is 1.3 times more expensive, UK is nearly 3 times and Germany about 4 times more expensive than China. China is the world's biggest electricity generator and produces twice more than the US. However China has 4 times more population therefore every Chinese consumes less than half the amount of electricity of an average American.
👍
Perhaps this is inevitable regardless. If tensions continue to build in the South China sea.
Are ev's a scam? Check out Mark Moss -Their End Game. Mark's hypothesis makes sense. Time will tell.
a EV last 3X longer than a gas-car. And a EV are more safe. Free miles - if you have solarpanels.! 😊
Tesla model Y will be the most sold carmodel on planet 🌎 Earth in year 2023, and year 2024 + 2025.
Mark my words ‼️
How's your wife? Feeling better now? I really hope so.
EV Car Is Future In The World 🌎
After g7, 2 years
Remember Sony Vs apple
😂.. when your delusions of superiority, meet Reality, 🤕 there is always tears
Once China becomes involved, it's nearly impossible to compete.
Take, for example, the phone industry, where numerous manufacturers have surrendered and abandoned the market to Chinese players
Very soon happen on car industry ....🙂
lol, you think a few rich countries buying electric only will solve the worlds carbon emission problem, you are mistaken. Additionally there is a dark side to the battery industry that few people are talking about. Toyota's sell low emission vehicles to the whole world that people can afford and that don't require expensive charging ports.
Toyota is dead
Oh, what a feeling 🤣
Chat GPT simply regurgitates (not word for word) what has been already been written, it has not performed a magical analysis to come to this prediction. If enough people have written in online blogs that EV's have no future then that is what it will say.
I think the Japanese will be finished next year.
Maybe Toyota and other companies didn’t realize how quick we now get information on social media now! They’re relying on joe public to be I’ll informed as in the past 🤪😜🤪
in China Toyota bz4 Charge slow! False range! No one bought it.
Because in China there are so many better EV cars.
Jai Hinduja. Time is running out if the Japanese don't pivot to India.
Gloat lol 😂😅😂
I had a lot of hope in EVs few years ago but now I see a lot of promises are not fulfilled.
It’s good to have the option but it’s not an advantage.
Why ain’t it